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Specialties
Capital Growth Properties, Inc. is a full service property management and real estate brokerage firm, specializing in the management, sale and leasing of income properties located throughout San Diego County. The firm has been active in the property management and brokerage business since 1976, and currently manages a portfolio of apartment communities, shopping centers, office buildings and industrial facilities. Our clients include a broad spectrum from individuals to institutional investors.
Capital Growth Properties prides itself on the high quality of its staff as evidenced by the longevity of its senior management/sales personnel and the long term relationships the company has established with its clients.
History
Established in 1976.
In 1976 John Michaelsen and a partner formed a company to provide construction loan brokerage services to builders and developers who were constructing residential and commercial projects in the western US. As a result of the experience involved in putting the financing together for others, in the late 70’s the company got involved in it’s own real estate acquisition and development projects. As the portfolio increased the company expanded its property management and brokerage activities to include third party transactions and services. Today the company manages a diverse portfolio of commercial and residential properties throughout San Diego and our brokers service clients with investment opportunities.
Meet the Business Owner
John M.
Business Owner
John Michaelsen has over 35 years of brokerage, leasing and property management experience. John has a B.A. from Washington & Lee University and an M.B.A. from Columbia University. From 1966 – 1970 John served in the US Navy on Destroyers and exited with the rank of Lt. For the next six years, he worked as Vice President for Citizens Financial Corp. In 1976 he and a partner started Capital Advisors in La Jolla, CA and focused on real estate development activities including acquisition, planning, construction, leasing and management of various income properties in San Diego County. In 1982 John started CGP and has served as CEO and President since it’s inception.
John has also served the real estate industry and community in various capacities. He is a Past President and board member of the San Diego County Apartment Association, Past President of the La Jolla High School Foundation, Past Chairman of the La Jolla YMCA and past Board of Trustees for the La Jolla Town Council.